Bitcoin > Bitcoin discussion

BTC is not stored physically

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robertsmark:
First of all, BTC is not stored physically. It is stored on the BTC blockchain under your public BTC address. And if you have the corresponding private key, then you are able to access them. The hardware wallet doesn’t store your coins, it’s only storing you’re private keys. Any wallet is just a GUI to the actual blockchain and you always need the combination of public and private key pair in order to access the coins stored on the blockchain.

mlawson71:
Well, it can't be, because it is not a physical currency.

robertsmark:
indeed. Bitcoin is digital currency and it can only be stored digitally

mlawson71:
I am pretty sure that is a big part of the appeal.

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